Henan Cotton Association: Market Showing Wait-And-See Trend

2011/2/25 14:48:00 46

With the end of the Lantern Festival, I will save some textile products.

enterprise

Production has also been fully restored.

However, cotton spot price (Xinjiang cotton grade 3) has been at a high of 33000 yuan / ton, and cotton futures prices have dropped sharply recently.

market

The instability makes the upstream and downstream sectors of textile show wait-and-see trend.

Cotton prices (Xinjiang cotton grade 3) rushed to over 33000 yuan / ton last weekend, and with the sharp fall in cotton futures prices, spot prices also dropped by about 500 yuan / ton.

Cotton sales are general.

Spinning enterprises still follow suit.

And the downstream business of textile enterprises is more intense, although cotton prices are in line with cotton spot prices over the weekend.

Rise

It has also been upregulated, but sales are not as good as last week.

In terms of polyester staple fiber, although the decline in cotton futures prices has also had an impact on them recently, due to the rise in international crude oil prices directly affecting the production cost of staple fibres, the price of staple fibers has changed little recently, and shipments are somewhat slow.

In short, the direction of the entire textile market is unknown, showing a wait-and-see trend.

Seed cotton acquisition: cotton farmers in Zhoukou, Henan still have about 40% of seed cotton, but the sale is not concentrated, and the bid is now at 6.3-6.4 yuan / Jin level.

Almost all cotton processing factories in other areas stopped buying, only individual Cotton Traders' scattered acquisitions.